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Trade Idea Wrap-up: USD/JPY - Sell at 118.20

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 4, 2016.

  1. Lily

    Lily Forum Member

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    As the greenback has remained under pressure after yesterday's selloff, suggesting the decline from 121.69 top is still in progress and may extend weakness to 116.65-70, then towards previous support at 116.47, however, oversold condition should prevent sharp fall below 116.00-10, risk from there is seen for a rebound to[​IMG]

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